|Orbital Announces Additional Details Concerning CRS Program and Antares Launcher Go-Forward Plans|
-- Next Cygnus Cargo Spacecraft to Be Launched on Atlas V Vehicle in Fall 2015 --
-- Upgraded Antares Rockets to Resume Flights from
The company’s go-forward plans for the CRS program and Antares launch vehicle include these major elements:
The flexibility of Orbital’s Cygnus cargo spacecraft to accommodate heavier cargo loads, together with the greater lift capacity of the Atlas V and upgraded Antares vehicles, will allow the company to complete all currently contracted ISS deliveries in four missions instead of the five previously planned flights over the next two years. In addition, the company’s revised approach is not expected to create any material adverse financial impacts in 2015 or future years as Orbital carries out the CRS cargo delivery and Antares propulsion upgrade programs.
Orbital develops and manufactures small- and medium-class rockets and
space systems for commercial, military and civil government customers.
The company’s primary products are satellites and launch vehicles,
including low-Earth orbit, geosynchronous-Earth orbit and planetary
exploration spacecraft for communications, remote sensing, scientific
and defense missions; human-rated space systems for Earth-orbit, lunar
and other missions; ground- and air-launched rockets that deliver
satellites into orbit; and missile defense systems that are used as
interceptor and target vehicles. Orbital also provides research rocket
and satellite subsystems and space-related technical services to
“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995
Certain statements in this press release are "forward-looking
statements" as defined in the Private Securities Litigation Reform Act
of 1995. These forward-looking statements include those related to our
go-forward plans for the CRS program and the Antares launch vehicle.
These statements can be identified by the fact that they do not relate
strictly to historical or current facts. Forward-looking statements
often include the words "forecast," "expect," "will," "intend," "plan,"
“to” and words of similar substance. Such forward-looking statements are
subject to risks and uncertainties that could cause actual financial
results or operating performance to be materially different from the
forward-looking statement. These risks and uncertainties include factors
such as the timing of any future launches; the accounting, financial or
commercial impact of the launch failure; the availability of insurance;
changes in revenue and cost estimates and/or timing of programs; the
potential termination of
Orbital Sciences Corporation
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